28426 S 16th Ave Ave, Federal Way, WA 98003 (MLS # 2510472)

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Listing provided courtesy of Northwest MLS; Real Broker LLC

PRICE $1,700,000
BEDS 0
BATHS 0
HOME SIZE n/a
LOT SIZE 14,737 sqft
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Rare opportunity to acquire Soundview II, a turn-key, six-unit multifamily asset in Federal Way's coveted Redondo neighborhood. This condo-style complex features expansive 1,170 SF 2-bed/1.5-bath floor plans designed for high-retention ccupancy. Units boast premium amenities including private west-facing balconies with partial Puget Sound views, fireplaces, in-unit full-size W/D, LVP flooring, and stainless appliances. With the December 2025 Link Extension opening, residents enjoy rapid light rail access to SEATAC and Downtown Seattle while maintaining a significant affordability advantage. Historically self-managed with little deferred maintenance, the property offers a clear value-add runway; implement targeted cosmetic upgrades to countertops and cabinetry to capture immediate rent premiums. Positioned in a supply-constrained submarket with local development moratoriums and a median household income projected to grow 53% by 2030, Soundview Il is a high-yield, low-risk addition to any portfolio. Proximity to Dash Point State Park and I-5 ensures durable demand for years to come.

LAST UPDATED 4/20/2026 TRACT Redondo
YEAR BUILT 1978 COMMUNITY Redondo
COUNTY King STATUS Active
PROPERTY TYPE(S) Multi Family


ADDITIONAL DETAILS
AIR None
AREA 110 - Dash Point/Federal Way
CONSTRUCTION Wood Siding
HEAT Electric, Forced Air
LOT 0.3383 acre(s)
MLS STATUS Active
STORIES 3
STYLE 55 - 5-9 Units
SUBDIVISION Redondo
TAXES 16521
UTILITIES Sewer Connected
VIEW Yes
VIEW DESCRIPTION Sound
WATER Public

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Properties with the Logo icon are courtesy of Northwest MLS.

Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 4/21/26 5:06 AM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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